The politically-neutral non-profit arm of the Boom DeFi Ecosystem

What is Boom Foundation?

Boom Foundation is the politically-neutral non-profit arm of the Boom DeFi Ecosystem that aims to make impact investments for social good using its grant of 50 million Boomcoins.

Boom Foundation initiatives will be branded Boomcoin-for-X, where X = meals, schools, teachers, medicine, nurses, shelter, clothing, environment and other charitable causes.

Unlike other Foundations, all Boom Foundation investments can be tracked on the open and public Boom blockchain.

The vision:

To maximise human
economic potential

Boomcoin-for-Meals

Boomcoin-for-Meals (B4M) is Boom Foundation’s first of many charity initiatives that aims to feed two million Nigerians amid the ongoing severe food crisis brought upon by the recent hike in inflation.

Nigeria is grappling with its worst economic crisis in a generation, as headline inflation hit 33.3 percent in March 2024, eroding consumer spending power leading to the price of food, fuel and medicines skyrocketing out of the reach of one in ten Nigerians.

This means that nearly 22 million people in Nigeria are unable to feed themselves and their families.

This initiative will provide vital relief by airdropping 1 Boomcoin (BMC) each to 2 million Nigerians who will be able to purchase food bundles that will feed a family of 4 for a day, in-app and have it delivered to their homes. Boom Foundation has allocated 1 million BMC towards B2M and has opened the initiative to public donations, which will be matched 1:1 for all donated BMCs, up to an additional 500,000 BMC.

Board Members

Peter Alfred-Adekeye

Chairman


Whether it’s ordering a pizza or booking your next holiday, all online payments require a bank account—yet over 2 billion adults worldwide remain unbanked, limiting their participation in the digital economy. They rely solely on cash, which cannot be spent online.

Boom Technologies Ltd (“Boom”) bridges this gap by digitising cash and connecting it to the global digital economy, empowering everyone to securely spend, accept, and save cash online—without ever needing a bank, while maintaining robust compliance with AML/KYC regulations. Each transaction is traceable, verified, and compliant with local and international financial regulations.

Digital assets are generally subject to high volatility, regulatory uncertainty, and operational risk. Users should conduct their own due diligence and may wish to seek independent financial advice before engaging in any digital asset activity.

Tokenised Cash on Boom — including the tokenised GBP (bGBP) — should not experience volatility because they are backed 1:1 by GBP-denominated reserves held in-country for the benefit of bGBP holders. These reserves are managed in a Boom Reserve Fund, custodied by regulated financial institutions, and may consist of short-term Government bonds, gold, Bitcoin, and cash.

Boom Technologies Ltd, registered in England & Wales (Company No. 15034868), is not a bank, does not operate as one, and does not intend to become one. Boom is not authorised or regulated by the UK Financial Conduct Authority (FCA).

Over 2 billion adults worldwide remain unbanked, limiting access to the digital economy. Most online payments require a bank account, but many still rely on cash, which can’t be used online.

Boom Technologies Ltd (“Boom”) digitises cash, enabling anyone to securely spend, accept, and save it online—without needing a bank account. Transactions are verified, traceable, and compliant with AML/KYC standards.

While digital assets involve volatility and regulatory risk, Boom’s tokenised GBP (bGBP) is backed 1:1 by GBP reserves held by regulated custodians. These may include government bonds, gold, Bitcoin, and cash.

Boom is not a bank and is not authorised or regulated by the UK Financial Conduct Authority (FCA).

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